Can a mortgage company require you to use their lending to purchase a piece of property they are selling Posted on August 11, 2011

I am looking to purchase a piece of property recently foreclosed on by bank A. I have all requirements including a pre-qualified letter from my own bank B. Bank A is saying that the loan must go through them for the sale to continue. Is this legal? It appears as though bank A is just trying to recoup some of their losses through interest on a new loan.

Ask a Local Attorney

Disclaimer: The information provided on this site is not legal advice, does not constitute a lawyer referral service, and no attorney-client or confidential relationship is or should be formed by use of the site. The attorney listings on the site are paid attorney advertisements. Your access of/to and use of this site is subject to additional Supplemental Terms.